Tied up on an airplane this morning (not literally…LOL). Taxiing in right at the open made a couple adjustments.

Trade was originally 90/115 strangles @ 2.41. Since I don’t mind keeping this for awhile I sold 115 puts for this Friday @ 1.50. These replace the worthless 90 puts and add quite a bit to the bottom line.

Position now is 115 straddles for Friday @ 3.91. Plan now is to wait and see. Might get lucky with the 115 strikes. If not, I’ll roll the ITM side out and up (or down) and continue selling weekly puts (or calls) against them. Continuing with TT experiment of keeping almost perpetual (small) positions on some popular stocks and just letting the market tell me what to do. Love it so far! Great premium with small margin.

Similar positions in CMG EWW GLD IBB IBM IWM REGN TLT WYNN XLE and will add APPL with an earnings strangle.